Fintech News

NOVEMBER 17, 2024

of all monthly retail payments to digital transactions. Enhanced reporting: With advanced reporting, institutions can generate insights through custom formulas and data tags, allowing for swift, data-driven responses to shifting client needs and regulatory changes. As of 2023, the country had converted 52.8%

SWIFT 106

SWIFT API Underserved Interoperability 106

PYMNTS

JANUARY 24, 2019

News from SWIFT on Wednesday (Jan. Per an announcement, SWIFT said that through 2018, it facilitated an average of 31 million messages daily — which, on an annual basis, was up 11 percent from 2017, and represents a 56 percent increase through the past five years. SWIFT has, in recent months, claimed a 99.9

SWIFT 62

SWIFT Volume Cross-Border Cross-Border Payments 62

Fintech Finance

JULY 10, 2024

It will enable interoperability among PayNet, RENTAS, and SWIFT using ISO 20022 standards. As the industry adopts ISO 20022 globally, this modernisation solution meets regulatory mandates, improves system resilience, and integrates future payment services.

ISO 20022 95

ISO 20022 Real Time Payments ISOs Payments 95

Fintech Finance

JULY 4, 2024

Open banking investment Fintech is the future of financial services and, by delivering the next phase of open banking and open finance, we can unlock the potential for increased competition in retail payments. This might involve creating a UK crypto hub, learning from the EU’s MiCA and other similar legislations around the world.

Scams 94

Scams Payments Interoperability Governance 94

Fintech Finance

SEPTEMBER 24, 2024

The government is producing a much needed National Payments Vision and Strategy (NPV&S), that reflects its recognition of the systemic importance of payments to the UK authorities and how its leadership must give rise to a new era for payments.

Cross-Border Payments 82

Cross-Border Payments Financial Inclusion Cross-Border Financial Crimes 82

The Fintech Times

JULY 20, 2024

It’s been a bad week for global payment and IT systems, as the Clearing House Automated Payment System (CHAPS) experienced a major outage causing serious issues in the UK, swiftly followed by a Microsoft outage that caused havoc for banking firms across the globe. On average, CHAPS enables around 200,000 payments per day.

Payments 73

Payments Mitigation Regulations ISO 20022 73